Take risk, but act prudently.

Fidelity Bonds and Crime Policies

The fiduciary insurance experts at Euclid Specialty have designed a crime insurance policy expressly for employee benefit plans. Most employee benefit plans are required to purchase a fidelity bond. But not all bonds meet the stringent standards of the Employee Retirement Income Security Act (ERISA) because they are designed for generic risks. And not all policies have the necessary coverage for today’s electronic world. Some bonds fail to cover all necessary parties, and other bonds fail to provide full coverage for fraud and dishonesty as required by ERISA. Trustees of benefit plans and their insurance professionals can be confident that Euclid’s crime policy has been designed by insurance experts who understand how to comply with complex ERISA and other fiduciary laws.

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